Economic Recession, Interest Rates and Digital CurrencyWith the current fiat based economy, no one can escape recession. The threat of recession has been constantly looming over the heads of major economic powers like the United States for over a decade now. Recession is caused by uncontrolled rise in deflation resulting from falling market demand. The fall in demand, if left unchecked … Continue reading Economic Recession, Interest Rates and Digital CurrencyThe post Economic Recession, Interest Rates and Digital Currency appeared first on NEWSBTC.

Will Bankers Go to Jail if the Market Collapses Again?The financial crisis in 2008 served as a stark example for everybody about the volatility of the global economy. This month, we've had numerous other reminders as the US stock market experiences its worst ever start to any year ever. Quickly after the financial crisis, derivatives positions increased to new highs. Many of the behaviors […]The post Will Bankers Go to Jail if the Market Collapses Again? appeared first on CCN: Financial Bitcoin & Cryptocurrency News.

2016-01-29] Bank of America Loads up on BitcoinCNBC News reported that Bank of America is loading up on ... technology behind digital currency bitcoin by loading up on blockchain-related patents.

edit: January 31, 2016 Ashton Kutcher: Bitcoin is Best Hedge Against a Trump NominationBitcoin as an independent currency has become an increasingly popular asset to conventional investors over the past few months. As legendary Swiss investor Marc Faber explained, bitcoin has been the only currency out of all asset classes, reserve currencies, and commodities worldwide, which recorded a positive annual growth in 2015.

Interestingly, the demand of bitcoin has always risen in times of economic turmoil; as the national currency inflates and the government begins to collaborate with its central bank to implement strict capital controls to regain financial stability.

Will businesses of the future use cryptocurrencies for payments? Mark Højgaard thinks so.“If you talk to any financial institution today, everybody says payment will be on the blockchain in the future,” the CEO of Danish cryptocurrency business told Business Insider.“I think we’re beyond where we’re wondering if the blockchain will be used for payments or not.”It’s true that banks are going crazy for the potential of blockchain technology, which was first developed to underpin cryptocurrency bitcoin. Forty two have signed up to a working group, R3, looking at possible uses for the technology. Payments is just one of them.“9 months ago, you couldn’t get in touch with anyone from the payment services industry,” Højgaard says. “But today, we see people calling us for our services in the PSP sector and we have 15 contracts.”

Unlike regular financial services, the Bitcoin network has never suffered from any downtime whatsoever. This alternative form finance has been accessible to users from all over the world at any given time. All of this is achieved by decentralizing the Bitcoin protocol , as it is supported by companies and consumers across all continents.

edit: Japanese Bank Disputes Involvement In Mt. Gox Bitcoin FraudLaw360, New York (January 29, 2016, 8:19 PM ET) -- A Japanese bank accused by clients of the defunct bitcoin exchange Mt. Gox of aiding its scheme to defraud them hit back against its accusers in Illinois federal court today, saying that not only are they grasping at straws to connect the bank to the scheme, but also that the case should instead be heard in Japan.

"The economy depends about as much on economists as the weather does on weather forecasters"Jean-Paul Kauffmann"The risk / reward ratio is nuts. Playing with altcoins is like picking up pennies on the highway"BlindMayorBitcorn

While bitcoin and cryptography like it were at first limited to a fairly niche audience, JPMorgan has sought to lead an industry shift toward this kind of information-sharing.

This cryptography technology has become increasingly attractive to the financial services sector for its tamper-proof ledger, an October report in the Economist said. “When financial firms do business with each other, the hard work of synchronizing their internal ledgers can take several days, which ties up capital and increases risk,” read a section of the report.

von gestern... sie brauchen einen chain der sicher ist unabhängig der bank oder des unternehmen der immer läuft.. um bei einem ausfall eines einzelnen teilnehmens alle andere zahlungen weiter laufen können. siehe diese aussageUnlike regular financial services, the Bitcoin network has never suffered from any downtime whatsoever. This alternative form finance has been accessible to users from all over the world at any given time. All of this is achieved by decentralizing the Bitcoin protocol , as it is supported by companies and consumers across all continents.

Major banks would do well to decentralize their servers as well, rather than storing them in one location. By centralizing the machines offering mobile and online banking services, a central point of failure is created. Such central points are opportune targets for assailants. Bitcoin does not have a central point of failure, which is why the network can not be shut down.